OUR THOUGHTS

Year: 2015

We all enter into some type of contract at various times in our life. But have we ever thought of all the possible consequences in the long run? Is it really about sign and forget? Every year, many companies lose a significant amount of money owing to contractual non-compliance. The reason? No/poor process of managing […]

Corridor and Brightleaf’s webinar Incorporating a Migration Strategy into a Contract Management System Initiative was a big success! We had great attendance and wanted to make sure that the information shared by our speakers was made available for those that could not make it. We covered a lot of ground in 45 minutes including the […]

We’re seeing new flavors of technology impact just about in every part of our business lives. The practice of law is affected as well: new technology is profoundly changing the way law firms and legal departments operate. On top of that, technology is driving globalization, and the resulting geographic ‘spread’ of business is increasing. This […]

I read a recent headline in the Boston Globe entitled “Behind the scenes of the ‘sexiest job of the 21st century’” and thought for sure they must be talking about VP’s of Sales at technology startups. 🙂 But unfortunately, no. The article refers to the increasingly important role of “data scientists”. It states “…as companies […]

Getting key data elements extracted from contracts is not an easy chore. Done manually, you would need to open each and every contract (which in itself is a time-consuming task), search through the full document for many different types of language, and copy and paste into a tool like Excel. Time studies have shown that […]

In my earlier blog, I had given 5 steps to choosing a CLS. Not all CLS’s are created equal. You may first want to see what you require to manage your contracts. What salient information do you really have in your legacy agreements? How does it vary? What’s important to you? Do you want to […]

In my last blog, I mentioned how current laws have not kept current with advances in technology. Let’s now focus how new technology is playing an increasingly important role in Big Data. In the corporate world, timely, accurate and secure access to critical business information is crucial to success. But there is so much unstructured […]

Your first reaction when you see reams of paper or contract document files on your computer is often “How do I get a handle on this?” The typical answer that comes to mind is “Let me get a system that manages contracts.” Then you start researching contract management systems vendors. Yes, that is the ultimate […]

These days, technology is an integral part of just about everyone’s life both at work and at home. And that’s certainly true for lawyers. Count how many times an attorney uses pen and pencil these days while drafting an agreement. Almost none, right? They login to the laptop, finish the drafting to complete a deal […]

Why would anyone take the time, effort and all the lawyer fees to negotiate and draft detailed, often complex contracts and agreements with vendors, suppliers, and clients, only to file them all into a drawer, never to be looked at again? We at Brightleaf see it all the time. We believe that contract management through […]

Here at Brightleaf, we pride ourselves in being excellent communicators. It’s a critical component in our approach to delivering exceptional customer service. Most importantly, we are mindful of it both when working directly with clients and reviewing or discussing projects internally. We asked Sajith, an Assistant Project Manager in our Pune, India office, how he […]

Here at Brightleaf, we’re big believers in self-preservation. We live by helping companies mine their legal documents so they can analyze, understand, and better manage their customers, vendors and partners. In other words, we thrive by assisting our clients with their data-driven decisions. So imagine our angst when we came across an article entitled “Data-Driven […]

We LOVE this short, 3 ½ minute video where Mark Shilling, a principal at Deloitte Consulting LLP explains what he calls “amplified intelligence” as the next evolutionary step in putting analytics to work. He explains how companies need to shift from sensing, responding and reacting to historical information and instead being predictive and proactive. It’s […]

I just got through reading an excellent article by McKinsey & Co. entitled “Delighting in the Possible”. It’s their version of how to think outside the box simply by separating the possible from the probable. In it, the authors state “our approach to the hardest problems—and the anxiety those problems create—is fundamentally misdirected. When most […]

Guest Post Submitted by: Tripti Sinha “Big Data” refers to the great stream of information in the world economy, increasing every day, which gives rise to the need of storing, analyzing and management of such data. What has brought about this trend? It’s simple, what used to be considered only a part of business intelligence […]